Dada partners advises QistBazaar on its groundbreaking PKR 500 million Sukuk

Dada Partners (Private) Limited acted as the exclusive financial advisor to QistBazaar on its PKR 500 million unrated, privately placed Sukuk and builds on several other transactions which Dada Partners has advised in the last few years. This transaction, a first issuance under a planned series of sukuk financing, marks a landmark Shariah-compliant capital markets structure in the buy-now-pay-later (BNPL) platform in the fintech sector in Pakistan. This is an innovative transaction where Dada Partners advised QistBazaar end-to-end, from developing the underlying concept, structuring the Shariah-compliant Sukuk, preparing the marketing materials, and leading a targeted investor roadshow through to commitment, subscription, and disbursement. The fund was fully subscribed by leading corporate and high-net-worth investors participating through a dedicated private placement fund vehicle. Commenting on the transaction, Shazad Dada, Founder and Managing Partner of Dada Partners, said “Dada Partners is committed to providing innovative solutions to help our clients meet their financing objectives. A first of its kind, this transaction reflects the increasing appetite among institutional an